According to Odaily, Solana's meme coin Dogwifhat (WIF) has raised nearly $700,000 in a community crowdfunding campaign in March. The funds are intended to be used for placing the token's mascot as an advertisement on the Las Vegas Sphere, a giant globe structure. Despite the long waiting time, the organizers are confident that the advertising deal will proceed smoothly.
One of the five organizers of the 'sphere wif hat' official website, Mihir, expressed that he has '90% confidence' that the activity of placing the token mascot on the Las Vegas Sphere for a week will continue. Mihir stated that the representatives of the Sphere formulated new crypto-specific terms after hearing about this activity. In response to this initiative, they held an internal meeting to formulate crypto-related policies. 'We are still working with them to meet their standards and requirements,' he added.
Mihir declined to comment further on the specific details of the discussions with the Sphere, citing concerns that it could affect ongoing negotiations or trigger unnecessary speculation about the WIF price. He also stated that if negotiations fail for any reason, all funds will be returned to the donors.